Tech entrepreneur, George Ruan became a sudden billionaire earlier this year when he sold his company Honey, the electronic coupon-clipping browser extension he co-founded in 2012. Ruan sold Honey to PayPal for $4 billion in cash making it the biggest tech acquisition in Los Angeles history. With a pocket full of cash, Ruan and his wife purchased an off-market property in Bel Air for $60 million. The estate is still under construction and was developed as part of the Viewpoint Collection, a portfolio of new luxury residences.
Since the property was never publicly available for sale and the deal was made off-market, it’s difficult to find photos as well as exact specifications of the new structure. We do know that the 21,000 square foot 9 bedroom and 11 bathroom mega-mansion was designed by the South Africa-based architecture firm SAOTA. The contemporary features angular architecture, tons of glass and an open-concept floor plan. The house will have three full floors including a partially subterranean level that runs underneath the infinity pool in the backyard. Other outdoor features include formal gardens, a sunken lounge centered around a fire pit, an elongated driveway, palm trees, a koi pond/fountain combo and unobstructed city as well as ocean views.
The Ruans are upgrading to Bel Air from their modest $3 million home in the Silicon Beach area of the Playa Vista neighborhood. Rayni and Branden Williams of Hilton & Hyland repped the Ruans. Sally Forster Jones and Tomer Fridman of Compass held the off-market listing.